This law used to talk about when you couldn’t take money out of your retirement savings because of hardship. However, this part of the law doesn’t apply anymore. It was removed on 1 April 2011. This means that if you want to know about taking money out of your retirement savings because of hardship, you need to look at other parts of the law that are still in effect.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512912.
CS 2: Exclusions of withdrawals of various kinds, or
“Certain withdrawals no longer counted as income for tax purposes”
CS 4: Exclusion of withdrawal to settle division of relationship property, or
“Withdrawals from retirement funds for relationship property division are no longer covered by this rule”
